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David Clifton, MD - Europe, Middle East & Africa, Interval International speaking at Vacation Ownership Investment Conference 2008 in Dubai |
According to David Clifton, MD - Europe, Middle East & Africa, Interval International, Dubai could soon offer a template for success for other vacation ownership destinations. He expressed his views at the opening day of the 4th annual Vacation Ownership Investment Conference 2008 taking place One&Only Royal Mirage, Dubai. Over 15 million annual tourists are expected by 2015 in Dubai with 20% expected to stay in villas or apartments rather than hotels.
Clifton said, "Dubai will become the tourism and vacation ownership capital of the world in the years to come, as the numerous incredible projects, such as Dubailand, Bawadi and those by Emaar and Nakheel, continue to unfold before our eyes".
According to a Global Futures & Foresight (GFF) survey, 170 million tourists will visit the UAE by 2020. Investment in the next 12 years is expected to reach $3.6 trillion, with 900 new hotels, offering 750,000 rooms, set to come online by 2020. GFF also reported that airport capacity will see an additional 320 million passengers by 2012.
